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Commission recd in doller

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11 December 2014 comm invoice raised and recd in doller from overseas. How to account in books? Is there any exchange fluactution which is also reqd to book?

12 December 2014 yes, you have to apply prevailing FE rate

15 December 2014 YES ON BILLING AND RECIVEING DIFF./ WILL BE A/C OFF THE TRANSACTION.




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